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to lure super bowl 50 to the new 49ers stadium in 2016 includes give up tax revenue. now live from santa clara to explain. >> the santa clara city council decided it can, indeed, afford to give up a variety of tax revenue, all financial demands imposed by the nfl. those demands require the city to give up 9.5 percent hotel tax on 350 rooms for nfl staff, a 10 percent ticket surcharge and 35 percent per ticket fee that funds senior and youth program and $4.54 parking fee. private donations and general super bowl windfall will make up the loss and then some. the couple sill voted unanimously to give up the millions in revenue at a special meeting lat night. the stadium will be finished next year and santa clara is hoping super bowl 50 is played there in 2016. the hilton santa clara is optimistically planning a 140-room addition with views overlooking the new stadium and four of the rooms are premium and they are not worried about giving up the hotel tax. >> what we will get, the money pent during the super bowl event in that timeframe, that will more than make up to any money that is lost.
because higher taxes were welcome back and thanks for joining us. we are starting this half-hour with a first quick look at the weather. here's meteorologist lisa argen. >> hi, katie. here's a look at san jose where it's 50 degrees right now underneath cloudy skies. the fog will linger the next several hours. here's a look at 6:00 right now the current time. you see it banked up along the san mateo coast. at 8:00 still a patch over the bay, a little bit in the south bay. it will take until 10:00. by noontime it will burn back and we will see mostly sunny conditions today. temperatures this morning ranging from the mid-40s to around 50. we will look for sunny skies, upper 50s at our coast to the mid-70s around the bay. talking about a very pleasant evening. some fog moves back into the bay and we will look for almost a repeat performance tomorrow. i'll detail that for you and a look at some rain coming our way in just a pit. katie. >> sounds good, lisa. thank you. >>> >> the california federation of teachers is calling on all school districts in large budget reserves to use t
increase from 2011 because of tax incentives. >> a college fraternity is a million dollars richer because of the late american bandstand legend dick collar giving -- dick clark. he was a member of the fraternity in syracuse university. he died after decades of hosting shows including the annual new year's eve elaboration -- celebration. >> and jeremy lin had a special event last night at castro center. there were crowds with guests including his parents and his high school, college, and shooting coaches. and the director of the film. it debuted at the sundance film festival showing his sudden rise to fame last year and making a quick cameo in the film is our very own abc7 news sports director. >> new york city dog is recovering after eating more than a dollar worth of pennys. unbelievable but the 13-year-old tear area was sick after he swallowed 100 pennys last week, more than half a pound of pennys jack was rushed to emergency surgery where it took two hours to remove all of the pennys, five at a time, from his belly. sink can -- zinc can be lethal. he knocked a bagel to the floor along
a slow tart with worries about cyprus, a small country, small economy, but it plans to tax people's bank accounts their deposits because of their budget problems. that is raising new concerns about the stability of the european banking system and probably some worse on wall street, especially as we are up here near record highs and we are trading lower across the board and the silicon valley index down on the day so far. the fattest moving real estate market in the country shows the number homes uncontract in 24 hours or less, and the past five months, phoenix has 540 of the so-called flash sales, the most of many, and hoes is -- san jose is the 15th highest. the inventory shortage and higher buyer demand is fueling the instant sales and los angeles has more coming in at 7th and sacramento at eight. live from the new york stock exchange for your news. exchange for your news. >> the morning newsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the
Search Results 0 to 3 of about 4

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